Discover this stunning custom built Spanish-style retreat in the highly sought-after and tucked-away community of Indian Springs. Nestled on an expansive .89-acre lot, this 4-bedroom, 3-bathroom pool home offers the perfect blend of timeless architecture, privacy, and modern comfort. From the moment you arrive, you’ll be captivated by the home’s charm—stucco exterior, warm architectural details, and an inviting presence that feels both elegant and welcoming. Inside, unique upgrades and thoughtful renovations elevate every space, such as brand new 9-foot hurricane rated sliders allowing a seamless indoor-outdoor flow. Beautiful hardwood floors, updated appliances, a brand-new hurricane rated garage door as well as an updated A/C unit with UV antibacterial lights built in. Each of the four bedrooms is generously sized, including an expansive primary bedroom retreat with 2 walk-in closets and soaker tub with a picture window over looking the stunning property. Two additional full bathrooms provide comfort and convenience for family and guests alike. The heart of the home opens to a private backyard oasis featuring a sparkling pool with a spill over spa and generous patio space—ideal for entertaining or relaxing under the Florida sun. With nearly an acre of land, the property offers exceptional privacy, mature lush surroundings, and room to create your dream outdoor retreat. Plenty of space for an addition/ADU or detached mother in-law home; as this particular property allows access to the property from both the rear of the lot on Spring St and the main entrance on Danielle Dr. This home not only provides you with the acreage but offers plenty of storage within; a walk-in pantry, additional storage under your stairs, and large closets in each bedroom, you will have plenty of room to make this home your own! Homes like this rarely come available—loved by only two owners since its construction, it’s now ready for its next chapter. Located minutes from Indian Rocks Beach, local shops and grocery stores and NO HOA - this location cannot get any better!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
